1
Direct payment
Self explanatory.
2
Automatic clearing house credit
Self explanatory.
3
Automatic clearing house debit
Self explanatory.
4
Automatic clearing house credit-savings account
Self explanatory.
5
Automatic clearing house debit-demand account
Self explanatory.
6
Bank book transfer (credit)
Self explanatory.
7
Bank book transfer (debit)
Self explanatory.
8
Doc collection via 3rd party with bill of EX
Self explanatory.
9
Doc collection via 3rd party no bill of EX
Self explanatory.
10
Irrevocable documentary credit
Self explanatory.
11
Transferable irrevocable documentary credit
Self explanatory.
12
Confirmed irrevocable documentary credit
Self explanatory.
13
Transferable confirmed irrevocable documentary credit
Self explanatory.
14
Revocable documentary credit
Self explanatory.
15
Irrevocable letter of credit-confirmed
Self explanatory.
16
Letter of guarantee
Self explanatory.
17
Revocable letter of credit
Self explanatory.
18
Standby letter of credit
Self explanatory.
19
Irrevocable letter of credit unconfirmed
Self explanatory.
20
Clean collection (ICC)
Self explanatory.
21
Documentary collection (ICC)
Self explanatory.
22
Documentary sight collection (ICC)
Self explanatory.
23
Documentary collection with date of expiry (ICC)
Self explanatory.
24
Documentary collection: bill of exchange against acceptance
Self explanatory.
25
Documentary collection: bill of exchange against payment
Self explanatory.
26
Collection subject to buyer's approval (ICC)
Self-explanatory.
27
Collection by a bank consignee for the goods (ICC)
Self explanatory.
28
Collection under CMEA rules with immediate payment and subsequent AC
Self explanatory.
29
Collection under CMEA rules with prior acceptance
Self explanatory.
30
Other collection
Self explanatory.
31
Open account against payment in advance
Self explanatory.
32
Open account for contra
Self explanatory.
33
Open account for payment
Self explanatory.
34
Seller to advise buyer
Self explanatory.
35
Documents through banks
Self explanatory.
36
Charging (to account)
Amount due booked to accounts payable/accounts receivables accordingly.
37
Available with issuing bank
Documentary credit is available with the issuing bank.
38
Available with advising bank
Documentary credit is available with the advising bank.
39
Available with named bank
Documentary credit is available with the financial institution identified in the FII segment.
40
Available with any bank
Documentary credit is available with any bank.
41
Available with any bank in ...
Documentary credit is available with any bank located in a place identified in the LOC segment.
42
Indirect payment
An assigned invoice has been paid by the buyer to the seller or to the seller's agent instead of to the factor.
43
Reassignment
An invoice or credit note assigned to a factor has been reassigned back to the seller or to another factor.
44
Offset
An invoice/credit note has been (partly) offset against other items on the seller's or buyer's account.
45
Special entries
Payment to be treated as special booking entry by the beneficiary.
46
Instalment payment
Payment is to be made in one or more instalments.
47
Instalment payment with draft
Payment is to be made by bank draft in one or more instalments.
48
Available with advise through bank
Available with the financial institution through which the advising bank is to advise the documentary credit.
49
General conditions of sale
Refer to general conditions of sale for payment condition information.
61
Set-off by exchange of documents
Self explanatory.
62
Set-off by reciprocal credits
Self explanatory.
63
Set-off by linkage (against reciprocal benefits)
Self explanatory.
64
Set-off by exchange of goods
Self explanatory.
69
Other set-off
Self explanatory.
70
Supplier to invoice
To identify in an order that the supplier is required to invoice for payment.
71
Recipient to self bill
To identify in an order that the receiver of the goods is expected to self bill.
ZZZ
Mutually defined
Self explanatory.